Launched at the start of 2013, Intoo is a start-up at the forefront of transforming the Brazilian economy. Founded by a team that includes former members of the financial market and cutting edge technology professionals, the company is making access to credit viable for small and medium-sized companies (SMEs).
 | As a major emerging market the Brazilian economy has flourished in recent years, yet indicators are that Brazil is starting to struggle to maintain its positive growth. João Costa Pereira, CEO of Brasilfactors, gives his analysis of both the market and current factoring trends in a recent interview with Factorscan... |
Brazil's Banco Cruzeiro do Sul SA, which specialises in payroll-deductible loans, is transferring the management of half its asset-backed receivables fund to Banco Bradesco SA to help encourage financing.
Officials from IFC - a member of the World Bank Group - FIMBank plc - the Malta-based trade finance bank - and BicBanco have attended the inauguration ceremony to officially launch Brasil Factors.
Brasil Factors will get the green light to kick off its operations in November this year, following its first capital injection and appointment of the board in October, according to CEO Joao Costa Pereira.
